Cantor Fitzgerald Acquires Additional IREN Shares
On February 17, 2026, Cantor Fitzgerald, LP announced an acquisition through a filing with the SEC. They added 3,333,423 shares of Airen (NASDAQ: IREN) to their portfolio. The estimated value of this transaction, based on the average closing price for that quarter, stands at about $171.96 million. In total, the value of their IREN position grew by $124.65 million, reflecting both new acquisitions and price fluctuations.
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Action: Buy. IREN now makes up 1.99% of Cantor Fitzgerald’s total 13F assets.
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Top holdings following the acquisition:
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Nasdaq: NVDA: $559.58 million (16.7% of assets)
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Nasdaq: MSTR: $369.33 million (5.6% of assets)
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NYSE: ORCL: $141.58 million (2.1% of assets)
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NASDAQ: IREN: $131.06 million (2.0% of assets)
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Nasdaq: AVGO: $126.34 million (1.9% of assets)
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As of February 17, 2026, the stock price for IREN was $40.97, marking an impressive 215.9% increase year-over-year and outperforming the S&P 500 by 203.0 percentage points.
| Metric | Value |
|---|---|
| Price (as of market close on February 17, 2026) | $40.97 |
| Market capitalization | $13.59 billion |
| Revenue (TTM) | $757.1 million |
| Net profit (TTM) | $389.8 million |
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The company runs vertically integrated data centers, primarily earning revenue from Bitcoin mining and data center services.
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Its business model revolves around operating infrastructure that generates revenue through digital asset mining and providing data center capacity.
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IREN has operations based in Australia and Canada.
IREN Limited is recognized as a data center operator and Bitcoin miner, boasting a market cap of $13.59 billion. It utilizes its unique infrastructure to generate revenue through both digital asset mining and data center operations.
Meanwhile, Cantor Fitzgerald made substantial changes to its investment in cloud-based companies, increasing its stake in IREN considerably during the fourth quarter. Interestingly, they also purchased put options on IREN valuing $189.8 million to safeguard their investment. This move came after another company, CoreWeave, drastically reduced its own holdings in a manner that converted much of its investment into call options.
Time will tell which of these cloud companies truly deliver better returns. It’s a fascinating approach, as it seems Cantor Fitzgerald has identified some potential in IREN. However, while IREN’s market cap is significantly lower than CoreWeave’s $47.43 billion, it isn’t without its challenges. Much will hinge on their contract with Microsoft; if that relationship falters, IREN could face serious issues owing to the substantial dilution of its stock to support growth.
